Prospect Logistics and Industrial Freehold and Leasehold REIT (BKK:PROSPECT) LT-Debt-to-Total-Asset : 0.31 (As of Mar. 2024)

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What is Prospect Logistics and Industrial Freehold and Leasehold REIT LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Prospect Logistics and Industrial Freehold and Leasehold REIT's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.31.

Prospect Logistics and Industrial Freehold and Leasehold REIT's long-term debt to total assets ratio increased from Mar. 2023 (0.31) to Mar. 2024 (0.31). It may suggest that Prospect Logistics and Industrial Freehold and Leasehold REIT is progressively becoming more dependent on debt to grow their business.

Prospect Logistics and Industrial Freehold and Leasehold REIT LT-Debt-to-Total-Asset Historical Data

The historical data trend for Prospect Logistics and Industrial Freehold and Leasehold REIT's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Prospect Logistics and Industrial Freehold and Leasehold REIT LT-Debt-to-Total-Asset Chart

Prospect Logistics and Industrial Freehold and Leasehold REIT Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.28

0.27

0.26

0.31

Prospect Logistics and Industrial Freehold and Leasehold REIT Quarterly Data
	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.31	0.31	0.31	0.31	0.31

Prospect Logistics and Industrial Freehold and Leasehold REIT LT-Debt-to-Total-Asset Calculation

Prospect Logistics and Industrial Freehold and Leasehold REIT's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	1672.018	/	5419.057
	=	0.31

Prospect Logistics and Industrial Freehold and Leasehold REIT's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	1693.948	/	5417.626
	=	0.31

Prospect Logistics and Industrial Freehold and Leasehold REIT (BKK:PROSPECT) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Prospect Logistics and Industrial Freehold and Leasehold REIT LT-Debt-to-Total-Asset Related Terms

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Prospect Logistics and Industrial Freehold and Leasehold REIT (BKK:PROSPECT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Prospect Logistics and Industrial Freehold and Leasehold REIT (BKK:PROSPECT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Surawong Road, No.345, Surawong Building, 5th Floor, Suriyawong Subdistrict, Bangrak, Bangkok, THA, 10500

Website

https://www.prospectrm.com

Prospect Logistics and Industrial Freehold and Leasehold REIT is a real estate investment trust operating as a close end trust. The company sublease rights of land and properties of Bangkok Free Trade Zone project which includes warehouses and factories for rent.

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